Shares of Gap Inc. GPS, -0.82% slumped 0.82% to $9.64 Monday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index SPX, -0.75% falling 0.75% to 3,612.39 and Dow Jones Industrial Average DJIA, -0.32% falling 0.32% to 29,202.88. This was the stock’s second consecutive day of losses. Gap Inc. closed $16.01 short of its 52-week high ($25.65), which the company achieved on November 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as H&M Hennes & Mauritz AB ADR HNNMY, +2.76% rose 2.76% to $1.86, Urban Outfitters Inc. URBN, +1.01% rose 1.01% to $22.00, and American Eagle Outfitters Inc. AEO, -3.33% fell 3.33% to $10.15. Trading volume (6.6 M) remained 893,932 below its 50-day average volume of 7.5 M.